Break even for Padbury $55 ?
Producing magnetite from BIF ?
It would be up around $150/tonne on ship if it worked well. Capital cost maybe $20 billion for mine, processing plant, water borefield, rail, rolling stock, stockyard, and port. If it didn't work you'd be looking at CITIC "don't talk about the costs" levels.
what to expect from next wednesday, page-28
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